SPDR Gold Trust, the world's largest gold fund, bought more than 5 tonnes of gold on 16 October, lifting its holdings to 1,059 tonnes after a series of reversals in recent sessions. Spot gold closed at $4,165 an ounce, down 0.1%, after briefly nearing $4,200. Prices had peaked near $4,700 in late August and dropped to around $4,100 in early October. Investors are weighing persistent inflation against worries about high borrowing costs, and markets now price about an 83% chance the Fed holds rates at its 27–28 October meeting. Oil above $100 a barrel adds to inflation expectations, which the article says could limit gold's recovery.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Quỹ "khổng lồ" mạnh tay gom hơn 5 tấn vàng chỉ trong một ngày
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Related tickers and likely impact
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/16/2026 | 4,162.70 |
| Change that session | +0.11% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/16/2026 | 4,159.65 |
| Change that session | +0.15% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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